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Banque Nationale Agricole (XTUN:BNA) E10 : TND3.55 (As of Dec. 2023)


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What is Banque Nationale Agricole E10?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Banque Nationale Agricole's adjusted earnings per share data for the fiscal year that ended in Dec. 2023 was TND3.341. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is TND3.55 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Banque Nationale Agricole's average E10 Growth Rate was 11.30% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the E10 growth rate using E10 data.

As of today (2024-06-03), Banque Nationale Agricole's current stock price is TND 9.07. Banque Nationale Agricole's E10 for the fiscal year that ended in Dec. 2023 was TND3.55. Banque Nationale Agricole's Shiller PE Ratio of today is 2.55.

During the past 11 years, the highest Shiller PE Ratio of Banque Nationale Agricole was 2.82. The lowest was 2.11. And the median was 2.50.


Banque Nationale Agricole E10 Historical Data

The historical data trend for Banque Nationale Agricole's E10 can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Banque Nationale Agricole E10 Chart

Banque Nationale Agricole Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 3.19 3.55

Banque Nationale Agricole Semi-Annual Data
Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
E10 Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only - - - 3.19 3.55

Competitive Comparison of Banque Nationale Agricole's E10

For the Banks - Regional subindustry, Banque Nationale Agricole's Shiller PE Ratio, along with its competitors' market caps and Shiller PE Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Banque Nationale Agricole's Shiller PE Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Banque Nationale Agricole's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Banque Nationale Agricole's Shiller PE Ratio falls into.



Banque Nationale Agricole E10 Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. When we calculate the today's Shiller P/E ratio of a stock, we use today's price divided by E10.

What is E10? How do we calculate E10?

E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the E10 of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.

We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart earned $1 a share in 2001, then the 2001's equivalent earnings in 2010 is $1.4 a share. If Wal-Mart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 is $1.35. So on and so forth, you get the equivalent earnings of past 10 years. Then you add them together and divided the sum by 10 to get E10.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Banque Nationale Agricole's adjusted earnings per share data for the fiscal year that ended in Dec. 2023 was:

Adj_EPS=Earnings per Share (Diluted) /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=3.341/129.4194*129.4194
=3.341

Current CPI (Dec. 2023) = 129.4194.

Banque Nationale Agricole Annual Data

per_share_eps CPI Adj_EPS
201412 1.743 99.070 2.277
201512 0.954 99.792 1.237
201612 4.606 101.863 5.852
201712 5.498 104.011 6.841
201812 4.717 105.998 5.759
201912 2.052 108.420 2.449
202012 1.685 109.897 1.984
202112 2.714 117.630 2.986
202212 2.677 125.222 2.767
202312 3.341 129.419 3.341

Add all the adjusted EPS together and divide 10 will get our e10.


Banque Nationale Agricole  (XTUN:BNA) E10 Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller PE Ratio can seem to be too high even the actual P/E is low.

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Banque Nationale Agricole's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=9.07/3.55
=2.55

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 11 years, the highest Shiller P/E Ratio of Banque Nationale Agricole was 2.82. The lowest was 2.11. And the median was 2.50.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


Banque Nationale Agricole E10 Related Terms

Thank you for viewing the detailed overview of Banque Nationale Agricole's E10 provided by GuruFocus.com. Please click on the following links to see related term pages.


Banque Nationale Agricole (XTUN:BNA) Business Description

Traded in Other Exchanges
N/A
Address
Rue Hedi Nouira, Tunis, TUN, 1001
Banque Nationale Agricole SA is engaged in providing banking services. It's activities include accepting deposits, granting loans among others.

Banque Nationale Agricole (XTUN:BNA) Headlines

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